H.R. 6153 (112th): To require the holder of a subordinate lien on the property that secures a federally related mortgage loan, upon a request by the homeowner for a short sale, to make a timely decision whether to allow the sale.

Introduced:
Jul 19, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Jerry McNerney [D-CA11]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on July 19, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 19, 2012
Referred to Committee Jul 19, 2012
Cosponsors
7 cosponsors (5D, 2R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Jul 19, 2012.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/19/2012--Introduced.
Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it.
Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification.
Considers the request approved by the holder if the holder does not respond within the 45 days.

House Republican Conference Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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